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Dec 27, 2012
12/12
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and let me say that france has a lot of advantages. nice infrastructure, good infrastructure, demography, people with skills, a good level of education. we can take advantage of that, even compared with our peers so let's do everything we can to -- the benefit of these positive advantages and not be -- not present people to invest in france because they might be afraid of a lack of visibility on the taxpayers or too high taxes. >> but do you think it's sending the right signal to investors when it's threatening to nationalize a factory? >> no, certainly not. these are not the right ones and clearly what an investor needs is, again, confident. immediately going forward, illustrate will not suffer from taxes or a potential threat. the message should be positive for investors, not just french one, but also we have a strategy to reduce stability. >> but do you understand some people could be forced to leave the country because of increasing back pressure? >> there is a lot of debate around that. my view is that is not the right thing to th
and let me say that france has a lot of advantages. nice infrastructure, good infrastructure, demography, people with skills, a good level of education. we can take advantage of that, even compared with our peers so let's do everything we can to -- the benefit of these positive advantages and not be -- not present people to invest in france because they might be afraid of a lack of visibility on the taxpayers or too high taxes. >> but do you think it's sending the right signal to...
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Dec 21, 2012
12/12
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france needs to reform. that's the view from a lot of french deals, including from the ceo of so thee generale. i caught up with him about societe generale and also the uk situation. is the uk going to leave the european union and what would be the consequences for the finance industry in europe. >> i'm really supportive of the united kingdom remaining in the european union. i think, again, when you look at the brix countries such as china, india, brazil, which would benefit from this new energy boom, if we look at europe, if we think about europe developing, we should resist fragmentation, each country doing in a different direction. there might be some best in the short-term, but in the long-term, it's not positive. so i hope the european union will remain in the european union. >> and we got similar comments from the uk. he believes the uk will not leave the european union and say that would be damaging for both the country and also for europe. so i think, kelly, you got the message. stay with us unless,
france needs to reform. that's the view from a lot of french deals, including from the ceo of so thee generale. i caught up with him about societe generale and also the uk situation. is the uk going to leave the european union and what would be the consequences for the finance industry in europe. >> i'm really supportive of the united kingdom remaining in the european union. i think, again, when you look at the brix countries such as china, india, brazil, which would benefit from this new...
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Dec 21, 2012
12/12
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britain, germany, france, portugal, you pick it, canada. it's not a particularly robust period with u.s. equities and we think q1 is going to be sloppy. in fact if there's any asymmetry it's downside risk, of course, then very little upside potential. >> carter makes a good point in that other markets may look better at this point given the downside risk that we might have, especially if this as john harwood said expected to be some sort of a slimmed-down deal where we're kicking the can down the road for a period of a couple weeks, a month or so, we don't have any resolution in the first month of the year either. >> some ways, you know, the fiscal cliff and sandy even earlier in the quarter, these were the mulligans for a lot of companies as we come to the end of q4. we're going to see some preannouncements in january, negative earnings preannouncements and hear a lot of the disruption in washington and some of these natural disasters that affected earnings. but again we have to come back to evgs. and you know, to me, what carter just ment
britain, germany, france, portugal, you pick it, canada. it's not a particularly robust period with u.s. equities and we think q1 is going to be sloppy. in fact if there's any asymmetry it's downside risk, of course, then very little upside potential. >> carter makes a good point in that other markets may look better at this point given the downside risk that we might have, especially if this as john harwood said expected to be some sort of a slimmed-down deal where we're kicking the can...
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Dec 4, 2012
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. >> president obama considering the "vogue" editor to be his next ambassador to france or the uk. one of the president's biggest fund raisers. anna win tour, the devil wears prada? the devil wears burberry here. >> i think this is a terrible idea. she had one of the most epic falling outs in a magazine with her vogue paris editor f she can't get along with her paris counterpart in-house how can she be a diplomat negotiating with heads of state? i don't see it. >> i think obama has to be stuck here, that he is threatening to exile the queen of american fashion. going to be completely disrupted, take out anna win tour. no regime change. >> breaking news on netflix and disney. >> netflix shares popping now on an announcement that netflix and walt disney studios announced a multiyear deal to make netflix the exclusive u.s. subscription tv service for first-run live action and animated features from the walt disney studios a big deal, netflix secured similar deals with other smaller studios, like dream works animation. disney is certainly the biggest deal of its kind, the first major s
. >> president obama considering the "vogue" editor to be his next ambassador to france or the uk. one of the president's biggest fund raisers. anna win tour, the devil wears prada? the devil wears burberry here. >> i think this is a terrible idea. she had one of the most epic falling outs in a magazine with her vogue paris editor f she can't get along with her paris counterpart in-house how can she be a diplomat negotiating with heads of state? i don't see it. >> i...
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Dec 27, 2012
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france, 2.08. the u.s., 2.06, ireland, 2.01. in red, they're looking at next generations that will get smaller and smaller and smaller. the uk, well under 2. china, 1.55. we know they've actually implemented policies because they want to control population. in the bigger picture, fooling around with mother nature in this way could have hugely negative consequences. russia 1.43 and germany, 1.41. at the very bottom of the list, other than certain countries where the information is not available, the bottom of this list was singapore at .78. i know we're dealing with so many issues nowadays and i blow a gasket over many of them, whether fiscal cliff, unfunded liabilities, at some point, growth is the answer. when you start considering where the engines of growth have been and what their population declines may be, it makes one wonder, where is the horsepower from global growth will come from and this at some point needs to affect the picks in your stock portfolio. back to you. >> rick, i'll take it from you, rick santelli. >>> eve
france, 2.08. the u.s., 2.06, ireland, 2.01. in red, they're looking at next generations that will get smaller and smaller and smaller. the uk, well under 2. china, 1.55. we know they've actually implemented policies because they want to control population. in the bigger picture, fooling around with mother nature in this way could have hugely negative consequences. russia 1.43 and germany, 1.41. at the very bottom of the list, other than certain countries where the information is not available,...
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Dec 7, 2012
12/12
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they're already running it in europe, in france, in great britain. the entire european experiment here has been one of tax hike austerity. even though they focus on the spending cuts, you're talking about a high tax area raising taxes even higher. we're trying to to do the same thing here. >> least the brits have the humility to acknowledge their mistake. they took the rate from 40% 050%. millionaires left the island. now they're coming back and dropping it to 45%. at least the brits have some humility. the french don't seem to have any. those socialists are going to go down with the ship. >> they're going to go down with the ship. when that ship goes down, there's not going to be any millionaires and billionaires left. they will have left and gone to switzerland. be great to get them over here. >> those millionaires that are fleeing france and britain, they're not going to california. >> no. >> the total combined tax rate there is now moving above 50%. they're not going to new york. combined tax rate is above 50%. and oh, yeah, they're not going to
they're already running it in europe, in france, in great britain. the entire european experiment here has been one of tax hike austerity. even though they focus on the spending cuts, you're talking about a high tax area raising taxes even higher. we're trying to to do the same thing here. >> least the brits have the humility to acknowledge their mistake. they took the rate from 40% 050%. millionaires left the island. now they're coming back and dropping it to 45%. at least the brits have...
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Dec 17, 2012
12/12
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they could put charges of over 500 million francs. carolin has more out for us out of europe. >> hey, ross. let's take a look at the market reaction. initially, the reaction on the markets is quite subdued. now accelerating its declines, off by 7.1%, the second worst decliner on the market. let's come back to holcim. it is responding to the sluggish construction environment in europe and that is why it's restructuring its european operations. it is taking a $440 charge on write-offs for property plan and equipment. on top of that, it sees an additional 1100 million swiss francs in costs for the fourth quarter. so the overall hit to the fourth quarter will be 500 million swiss francs. it does say that the rebound will save around $120 million swiss francs annually. but overall, analysts are surprised about the size of the additional write-offs that will be booked in the fourth quarter. but holcim is trying to reassure investors this morning, saying there is still potential for a dividend payout for 2012 but that decision will be taken
they could put charges of over 500 million francs. carolin has more out for us out of europe. >> hey, ross. let's take a look at the market reaction. initially, the reaction on the markets is quite subdued. now accelerating its declines, off by 7.1%, the second worst decliner on the market. let's come back to holcim. it is responding to the sluggish construction environment in europe and that is why it's restructuring its european operations. it is taking a $440 charge on write-offs for...
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Dec 14, 2012
12/12
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. >> not great news for france if we start to look at some of the indexes. there's a lot of focus on this economy. >> exactly. and the weakest spots, given that it's the second largest economy. now, we did see that return to growth for germany, which is a positive and will be a good gain forward. but say order box, very weak. demand, very weak. business confidence very weak and this is going to be hitting activity indicators going forward. >> even though the manufacturing side of it disappointed, the services was stronger. while services is a big part of the economy, it's where we're trying to see the rebalancing in the german economy happen. from that point of view, probably a rather encouraging development. >> it is interesting. it's also very exportwise. what we saw on these numbers was german exports falling sharply again. and this is just signaling that global economic conditions, soft patch very weak, particularly for the region -- i'm sorry, within the eurozone itself. >> and it's consistent with the weakening global demand we're seeing out of japan a
. >> not great news for france if we start to look at some of the indexes. there's a lot of focus on this economy. >> exactly. and the weakest spots, given that it's the second largest economy. now, we did see that return to growth for germany, which is a positive and will be a good gain forward. but say order box, very weak. demand, very weak. business confidence very weak and this is going to be hitting activity indicators going forward. >> even though the manufacturing side...
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Dec 3, 2012
12/12
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this followed the downgrade to france last week by moody's. the fsf has taken the standpoint that they need to be a top rated agency, not necessarily aaa, but they could find a way to make themselves aaa, but they've decided to accept the rating of aa plus. it doesn't really change an awful lot. it wasn't a huge surprise. and as we go in next year, we'll have the composite. so it doesn't make the funding arithmetic any different. it doesn't change the levels dramatically because the market already can discounted these events. >> so what's the trade as we go into the pre-christmas period? what's the trade, where is the tail wind? >> the trade is to stay long risk. i think at some point over the course of next year, we'll have issues. my opinion is that we stay risk on through to the middle of january of next year. and one of the reasons for that is that we do have as usual a big payout of coupons and redemptions through january. you've got about 100 billion of cash coming back into the market. so i think february is the month where we could hav
this followed the downgrade to france last week by moody's. the fsf has taken the standpoint that they need to be a top rated agency, not necessarily aaa, but they could find a way to make themselves aaa, but they've decided to accept the rating of aa plus. it doesn't really change an awful lot. it wasn't a huge surprise. and as we go in next year, we'll have the composite. so it doesn't make the funding arithmetic any different. it doesn't change the levels dramatically because the market...
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Dec 12, 2012
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. >> i think, though, of france. would you stay in france? >> of course we will. >> you see people moving out of france. >> we can have opinions about their policies. i think they're doing some things that are counterproductive, by the way, that they're finding that way. the government is a huge part of their gdp, decision making is not really marketing. there's unintended consequences of their policy. for example, if you cannot shut down a poorly performing or money losing factory, what effect will that have on somebody who might want to expand his or her business? if you know that you can never -- if you know you have a liquidity -- illiquidity and can never get out of a position, are you much less likely to go into it? sure. the ramifications and consequence of their policies are starting to be felt there now. we're not going to get out of it. it's a big gdp. we're very active there. some of the greatest companies in the world are french companies. >> i asked this of jamie, and it's an important question, given some of the reputational hit
. >> i think, though, of france. would you stay in france? >> of course we will. >> you see people moving out of france. >> we can have opinions about their policies. i think they're doing some things that are counterproductive, by the way, that they're finding that way. the government is a huge part of their gdp, decision making is not really marketing. there's unintended consequences of their policy. for example, if you cannot shut down a poorly performing or money...
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Dec 10, 2012
12/12
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so, obviously, we look at our figures in swiss francs. but because we are, again, operating in so many countries, having local costs, local currency costs as well as local currency revenues, we don't have any dilution of our profitability because of the strength of the swiss franc. so, actually, the more the swiss franc appreciates, you know, it has absolutely no effect on our profitability. it has an effect on the translation standpoint that it's stronger on the basis. >> okay. some interesting points. i think what's interesting is when you come here, we got a meeting today, kelly, of the account and they're going to approve pakistan later. but working on the bits of the doha rounds. one of the things that's going to be interesting is particularly the supply chaines and global exports. that's one of the things they think they can get pretty good progress on. for example, good at a port. why does the kaber have to be held up for sort of a week or two weeks and not put straight into the country? a lot of international countries saying that
so, obviously, we look at our figures in swiss francs. but because we are, again, operating in so many countries, having local costs, local currency costs as well as local currency revenues, we don't have any dilution of our profitability because of the strength of the swiss franc. so, actually, the more the swiss franc appreciates, you know, it has absolutely no effect on our profitability. it has an effect on the translation standpoint that it's stronger on the basis. >> okay. some...
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Dec 31, 2012
12/12
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markets in europe mixed after a shortened session in the uk, france and spain. our road map starts right where we were months ago, waiting for the 112th congress to agree on a debt reduction package. the senate convenes at 11:00 a.m. >> the dow had its worst day in a month on friday. set to close december with a loss. the question is, does it continue to sell off if there isn't an accord in congress. >> we will always have china. manufacturing pmi data from last night is the best in 21 months. can we finally say the chinese economy has been stabilized. >> but of course, we start in washington. as you know, congress comes back today. the house gaveling into session now with legislative business starting at 10:00 a.m. the senate returns at 11:00 a.m. eastern. there are only a few hours left to get a deal done. eamon? >> you're already hearing people talk the way they talk on new year's day. a lot of people wish they could go back in time and do things differently. that's the way people are talking in washington about this fiscal cliff. feeling as if this thing sud
markets in europe mixed after a shortened session in the uk, france and spain. our road map starts right where we were months ago, waiting for the 112th congress to agree on a debt reduction package. the senate convenes at 11:00 a.m. >> the dow had its worst day in a month on friday. set to close december with a loss. the question is, does it continue to sell off if there isn't an accord in congress. >> we will always have china. manufacturing pmi data from last night is the best in...
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Dec 28, 2012
12/12
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france shared fourth place. still, there were no italian places on the top ten places of the most instagrammed places in the world. yet the top two places most snapped and shared on instagram may surprise you. they were the shopping mall in bangkok, thailand, and that city's suvar nabumi airport. we asked where are you headed this year? italy, bangkok? john says i would like to travel to rome and check out the art and buildings there. and someone else is interested in architecture. jeff tweets in to say st. petersburg would be a great trip. i always wanted to see the gold room. gene, though, is more interested in culinary delights. he says food and wine, travel to brazil, yucatan, mexico, chile and france. if you want to join in on the conversation, e-mail us, worldwide@cnbc.com. tweet us, @cnbcwex. >> the food always tests better if you're eating it in a local original place. >> it also doesn't have calories if you do it that way. >> no, it doesn't count. sitting in tuscany enjoying an italian dish, that might
france shared fourth place. still, there were no italian places on the top ten places of the most instagrammed places in the world. yet the top two places most snapped and shared on instagram may surprise you. they were the shopping mall in bangkok, thailand, and that city's suvar nabumi airport. we asked where are you headed this year? italy, bangkok? john says i would like to travel to rome and check out the art and buildings there. and someone else is interested in architecture. jeff tweets...
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Dec 13, 2012
12/12
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remember, france wanted all 6,000 banks being supervised. the germans said only 30 or so. we ended up with something closer to 150. and the option for the ecb pinpoint ago problem, even if it's the smaller banks saying, we have a problem there. we have to pull that into our supervision, they can do that. that seems to be the provision that we have here at the moment. so i think everybody could be out there and say, we won a little bit and that's how eu decisions usually work. you have to end up in a consensus that everybody can live with and at least we get a law that deserve tess name on track and then it could become operational in terms of eu ba banking supervision early 2014. that's the earliest time frame we have for this. but at least the train is moving, even slowly. >> that's true. and we'll also keep an eye on bank stocks >> troy: today to see how they're gauging the fallout from this decision. >> silvia wadhwa, thank you very much. >>> another story that could impact banking stocks today, elizabeth warren has a new assignment. the massachusetts democrat has been
remember, france wanted all 6,000 banks being supervised. the germans said only 30 or so. we ended up with something closer to 150. and the option for the ecb pinpoint ago problem, even if it's the smaller banks saying, we have a problem there. we have to pull that into our supervision, they can do that. that seems to be the provision that we have here at the moment. so i think everybody could be out there and say, we won a little bit and that's how eu decisions usually work. you have to end up...
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Dec 5, 2012
12/12
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an 18th century castle in france was destroyed by mistake! a polish renovation company had been hired to restore it but they accidentally demolisheded it. an exact copy of the castle will be rebuilt because the guy who owns it is a russian trilli trillionaire. how do you make that kind of mistake? >> it is like the woman that tried to repaint that painting? oops. remember that? >> that's our favorite story on "street signs." we love that. >>> next up, is pandora's mega plunge a big buying opportunity or is the business model gone too far? >>> plus, apple having its worst day in months losing market share to android. how is microsoft still the biggest loser in the bunch? tdd#: 1-800-345-2550 let's talk about low-cost investing. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest tdd#: 1-800-345-2550 operating expenses tdd#: 1-800-345-2550 in their respective tdd#: 1-800-345-2
an 18th century castle in france was destroyed by mistake! a polish renovation company had been hired to restore it but they accidentally demolisheded it. an exact copy of the castle will be rebuilt because the guy who owns it is a russian trilli trillionaire. how do you make that kind of mistake? >> it is like the woman that tried to repaint that painting? oops. remember that? >> that's our favorite story on "street signs." we love that. >>> next up, is pandora's...
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Dec 6, 2012
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just noticed today france and germany's stock markets hit 52-week highs. we're still wringing our hands over the debt crisis, and the equity markets are hitting new highs for the year. is it too late to get into those markets? >> i don't think so, bill, at all. all the european markets are up for the year except portugal, which is up slightly. even greece is up year to date. i don't think you're too late on that trade at all. in fact, i think, quite frankly, the structural changes that are happening in europe could produce growth for many years come. >> where are you putting money to work, george? >> the fiscal cliff is sort of the uncertainty du jour. people are always worried about next uncertainty. you need to blow past that and think about where the next good stocks going to be, how can i invest, how can i participate? taxes are likely to go up, but this is a lot of rattling. both sides of the aisle would come together. they'll figure out what's best. at the end of the day, they know they have to help the little guy, the consumer. pool corp. sells ever
just noticed today france and germany's stock markets hit 52-week highs. we're still wringing our hands over the debt crisis, and the equity markets are hitting new highs for the year. is it too late to get into those markets? >> i don't think so, bill, at all. all the european markets are up for the year except portugal, which is up slightly. even greece is up year to date. i don't think you're too late on that trade at all. in fact, i think, quite frankly, the structural changes that...
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Dec 10, 2012
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we're the biggest company of our kind in france. we're the largest seller of cookbooks in france. we had some issues the first two quarters, during the election, as you know, most of the consumers sat on the sidelines. we're starting to see it come back to life again. so we feel very good about france. ditto germany. >> isn't that incredible. >> rick, 52-week high when compared to avon. incredible. thank you so much for joining us. >> good to be here. >> good to see you. >> all right. stay tuned. sfx- "sounds of african drum and flute" look who's back. again? it's embarrassing it's embarrassing! we can see you carl. we can totally see you. come on you're better than this...all that prowling around. yeah, you're the king of the jungle. have you thought about going vegan carl? hahaha!! you know folks who save hundreds of dollars by switching to geico sure are happy. how happy are they jimmy? happier than antelope with night-vision goggles. nice! get happy. get geico. >>> trip adviser and deutsche bank. >> deutsche bank likes this company. people love it. trip adviser is king. >> deu
we're the biggest company of our kind in france. we're the largest seller of cookbooks in france. we had some issues the first two quarters, during the election, as you know, most of the consumers sat on the sidelines. we're starting to see it come back to life again. so we feel very good about france. ditto germany. >> isn't that incredible. >> rick, 52-week high when compared to avon. incredible. thank you so much for joining us. >> good to be here. >> good to see you....
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Dec 5, 2012
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up against the swiss franc and up against the yen. been talking about the chancellor george osborne today. the british finance minister expected to ramp up fiscal titan numbers. he specifically might take another pop at the property market. many experts say it's hurt the residential market in greater london. today he might stick another percent on that stamp. he might raise it over 1%. joining us is sue foxley. good to see you. thanks so much for joining us. mark field says -- he's quoted today, he says figures show we've had a 53% decrease in greater london property sales between 2 and 5 million. is it all stamp duty? how much of an impact do you think it's had? >> i think stamp duty was really the nail in the coffin for that part of the market during this period. i mean certainly there is a struggle there in terms of the economy and there is uncertainty in order to make a big investment like that. people are a little bit nervous. i think the caution now is not so much the actual figure, which obviously don't's things particularly ju
up against the swiss franc and up against the yen. been talking about the chancellor george osborne today. the british finance minister expected to ramp up fiscal titan numbers. he specifically might take another pop at the property market. many experts say it's hurt the residential market in greater london. today he might stick another percent on that stamp. he might raise it over 1%. joining us is sue foxley. good to see you. thanks so much for joining us. mark field says -- he's quoted...
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Dec 20, 2012
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but you do see a bit of a decline for germany and france and modest moves across all of these markets. the bank of japan easing monetary policy again today, announcing an increase of its asset buying and lending program by more than $118 billion. that move was widely expected as part of the reason that you had seen the yen under quite a bit of pressure, yesterday, at least. you'll see right now that in japan, the market there actually closed down by just over 1%, 1.2% almost. the hang seng and the shanghai composite were slightly higher. oil prices this morning, you'll see right now, are down by about 4 cents to $89.94, so you have things to pick up in those prices over the last couple of days. and the ten-year note at this point which yesterday was yielding above 1.8%, dropping down to 77.2%. finally, take a look at the dollar and gold. yen is at 83.99. gold prices this morning with all these movements in the currency markets up by about $1.10. >>> winter storm draco is moving across the united states threatening retailers and holiday travelers. paul, we know that sometimes the storm
but you do see a bit of a decline for germany and france and modest moves across all of these markets. the bank of japan easing monetary policy again today, announcing an increase of its asset buying and lending program by more than $118 billion. that move was widely expected as part of the reason that you had seen the yen under quite a bit of pressure, yesterday, at least. you'll see right now that in japan, the market there actually closed down by just over 1%, 1.2% almost. the hang seng and...
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Dec 31, 2012
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right now in europe, you can see that france is higher. the cac is up by 1%. >> you get rid of that 75% tax and that's what happens. >> exactly. the court ruled that unconstitutional, that 75% tax the way it has been laid out. maybe that's why you do see that cac moving higher there. also, take a look at what happened overnight in asia. the shanghai composite was up by 1.6%. japan, the nikkei, up by 0.7%. a lot of these markets are probably closed for new year's. also, take a look at the oil board today. you'll see that oil prices are down by about 35 cents, $90.45 a barrel. and the ten-year note, the yield was around 1.7% the last time we checked. the dollar has also been reacting rather well. all things considered. right now, the dollar is continuing up against most of these currencies. dollar versus the euro, euro is at 1.3193. dollar/yen is at 86.12 and gold prices have been a little higher this morning on, as well. you can see they're up by $5.70. $1,661 an ounce. joe. >> thank you. lawmakers are continuing fiscal cliff discussions th
right now in europe, you can see that france is higher. the cac is up by 1%. >> you get rid of that 75% tax and that's what happens. >> exactly. the court ruled that unconstitutional, that 75% tax the way it has been laid out. maybe that's why you do see that cac moving higher there. also, take a look at what happened overnight in asia. the shanghai composite was up by 1.6%. japan, the nikkei, up by 0.7%. a lot of these markets are probably closed for new year's. also, take a look...
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Dec 18, 2012
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germany is up, the ftse is up, the france, the cac in france has turned slightly down. but, again, this is a marginal loss of about three points. most of the major asian stock markets were higher overnight. and among the catalyst here, signs that china's recovery is gaining traction. sources say that the bank of japan will ease monetary policy this week and consider adopting a 2% inflation target no later than january. policymakers are seen responding to pressure from the incoming prime minister there. shinzo abe for stronger efforts to beat deflation. in the meantime, india's central bank kept interest rates on hold yesterday ignoring pressure to reduce borrowing costs. policymakers said they were shifting the focus to reducing the economy and that raises the odds of a rate cut as early as january. andrew olson, over to you. >> ubs reportedly nearing a fine of up to $1.5 billion. the bank is close to finalizing a deal with regulators according to the financial times. about three dozen bankers and senior managers are said to face criminal or civil charges. >>> and it's
germany is up, the ftse is up, the france, the cac in france has turned slightly down. but, again, this is a marginal loss of about three points. most of the major asian stock markets were higher overnight. and among the catalyst here, signs that china's recovery is gaining traction. sources say that the bank of japan will ease monetary policy this week and consider adopting a 2% inflation target no later than january. policymakers are seen responding to pressure from the incoming prime...
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Dec 5, 2012
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in both france and england we've seen a tremendous amount of steps taken for tax avoidance when they hire -- >> people leave. >> my only question, there have been studies done on that in the united states to figure out what the effect would be. my second question would be, back in '08 when the president was debating hillary clinton accepted the concept that every time we've raised capital gains tax, the receipts from that have gone down. every time we've lowered it, they've gone up. he accepted that. i want to know if his opinion is modified or is he considering laying off tax and business investment for fear that it will give us less of it. >> two very interesting questions there about what effect a change in taxes does to behavior. i think you can't deny the fact that it does change behavior. is there right. it is very complicated math. when they start saying it is math, it is really complicated math. you show me someone who can do that study -- >> it goes back to that idea, you raise a tax on something, you'll get less of it! >> no doubt about it. >> jim iuorio, thank you. >>> rem
in both france and england we've seen a tremendous amount of steps taken for tax avoidance when they hire -- >> people leave. >> my only question, there have been studies done on that in the united states to figure out what the effect would be. my second question would be, back in '08 when the president was debating hillary clinton accepted the concept that every time we've raised capital gains tax, the receipts from that have gone down. every time we've lowered it, they've gone up....
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Dec 10, 2012
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not great in france, but germany down about .7% and the ftse down fractionally. other news out of europe, debt tieback for from an day to receive additional buyback offers. those would be at deeply discounted prices and that would help lower the country's debt lead. >>> in asia, stocks touched a 16-month high and closed mostly higher on the session with good gains, as you can see, with the kospi up the most, 1.5 points. >> strong nebs out of china which suggest maybe the economy is rebounding more than expected. >> the exports. >> yeah. >> among the catalyst in asia trading today, economic stats out of china. export growths slowed sharply to 2.9% in december. that news j underscores the global headwinds dragging on the economy. but the chinese economy is showing solid signs of a pick up in domestic activity. industrial output was stronger than expected. the country has been saying for years it needs to shift a little bit from the export model the internal consumption. let their middle class grow and not be nearly as dependent on exports. and china's oil demand in
not great in france, but germany down about .7% and the ftse down fractionally. other news out of europe, debt tieback for from an day to receive additional buyback offers. those would be at deeply discounted prices and that would help lower the country's debt lead. >>> in asia, stocks touched a 16-month high and closed mostly higher on the session with good gains, as you can see, with the kospi up the most, 1.5 points. >> strong nebs out of china which suggest maybe the economy...
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Dec 19, 2012
12/12
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adding employees to europe, france, germany, very strong. similar to what bill mcdermott has been saying. we are all so doom and gloom about europe, ellison's talking about it's a bright spot. >> what about germany today, up again for december, as we mentioned at the top of the show, above $1.33 a day. something's going on there. the big upgrade on greece. that's kind of strange, right? >> up four or five notches. >> i have to stand up for a second. $8. >> is it finally time? >> i want to click my heels, but these are soft reeboks. you wouldn't hear it. >> are we going to see that, finally, at last? >> the way people were coming on and saying it's going to zero. >> running for the exit. >> when was the euro dissolved and greece kicked out? what was the date? >> it happened just in reverse. >> it was overnight. >> we'll see. i can't believe 2013 will not hold a couple of moments where we go, ah. but it is amazing. nothing we can do. >> we're afraid spain is going to come -- spain was supposed to come to market. italy, oh, my, what happens whe
adding employees to europe, france, germany, very strong. similar to what bill mcdermott has been saying. we are all so doom and gloom about europe, ellison's talking about it's a bright spot. >> what about germany today, up again for december, as we mentioned at the top of the show, above $1.33 a day. something's going on there. the big upgrade on greece. that's kind of strange, right? >> up four or five notches. >> i have to stand up for a second. $8. >> is it finally...
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Dec 5, 2012
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rose in france and it pushed the yield below 10%. there you go, pushed the yield on the ten-year below 2%. that rally to the core, france and germany, as you might expect. as far as stocks are concerned, generally we're stuck below horizontal resistance on the dow jones stock. if we break above that, it could be significant. ? we fail it could be significant. earlier in in china on the comment we got from the new head of the communist party, you have the best gains in three months on the chinese market. that fed automatically into the miners in europe. there has been some selling into it, but still broadly they are still higher. i do want to mention a couple corporate stories. apple is clearly down, margin requirements are being raised on some of those -- for some people who are extending apple shares, but nokia has had a very good day today. it's launched two phones, one priced at $249 to bring it light slid lower price for most people. most importantly launched a phone in participation with china mobile, which is -- which works wit
rose in france and it pushed the yield below 10%. there you go, pushed the yield on the ten-year below 2%. that rally to the core, france and germany, as you might expect. as far as stocks are concerned, generally we're stuck below horizontal resistance on the dow jones stock. if we break above that, it could be significant. ? we fail it could be significant. earlier in in china on the comment we got from the new head of the communist party, you have the best gains in three months on the...
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Dec 3, 2012
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in france, the cac up by about two-thirds of 1%. in germany, the dax up by 0.4% and ftse in london is up by a quarter percent. in asia overnight, you did see the hang seng down by about 1.2%. shanghai composite down, as well, down by 1%. in consider rea, the kospi up by 0.6%. oil prices have been a little weaker. down by about seven crept cents. and ten year note yielding 1.61%. that's been stuck in a tight range for quite a while. take a look at the dollar this morning. you'll see the euro at this point is still above 1.30, 1.3029 even though the dollar down across the board. dollar-yen at 82.10. gold prices this morning are up by about $8. as the fiscal cliff approaches, we're wondering what we can expect from the markets. our guest hosts again barry knapp and richard bernstein. barry, you're concerned about the direction the talks have taken. >> yeah, it's interesting as i actually traveled through europe last week, there is all this focus on the timing of getting a deal. but there is not nearly enough focus on what does the deal
in france, the cac up by about two-thirds of 1%. in germany, the dax up by 0.4% and ftse in london is up by a quarter percent. in asia overnight, you did see the hang seng down by about 1.2%. shanghai composite down, as well, down by 1%. in consider rea, the kospi up by 0.6%. oil prices have been a little weaker. down by about seven crept cents. and ten year note yielding 1.61%. that's been stuck in a tight range for quite a while. take a look at the dollar this morning. you'll see the euro at...
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Dec 12, 2012
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france wants the central bank to have ultimate responsibility. that's not to mention demands from the u.k., sweden, and the netherlands which makes us have stuart richardson, still with us, whether the banking union thing's going to happen. if so, when? >> i think the move toward some sort of banking union is in progress here. it has been -- european, a work in progress. so it would appear that sweden was coming out of thing yesterday, the dave before -- day before, they're not backing the full union. germany wants limited banking union. >> does it matter -- how urgently do we need this in place? >> i think it's one of the key issues that needs to be resolved within the whole european project such as fiscal and political union. i think that the -- if they're going do it, they might as well do it right. as an investor, to me it's not that important for the next one or two months of equity performance, for example. if they don't start to really flesh out what the framework it in the current time frame, i think the market could begin to get disappoi
france wants the central bank to have ultimate responsibility. that's not to mention demands from the u.k., sweden, and the netherlands which makes us have stuart richardson, still with us, whether the banking union thing's going to happen. if so, when? >> i think the move toward some sort of banking union is in progress here. it has been -- european, a work in progress. so it would appear that sweden was coming out of thing yesterday, the dave before -- day before, they're not backing...
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Dec 6, 2012
12/12
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shareholders have agreed on a deal designed to make the eads more independent and will hand germany and france an equal 12% stake in the company. and timothy geithner has told the cnbc the swhous ready to go over the fiscal cliff if tax rates on the nation's wealthiest don't rise. dag gri announces the rate decision later about plus apple shares still down in frankfurt. and its shares of the chinese market drop in the third quarter. >>> deutsche bank has hit back at allegations of financial impropriety brought by three former employees. according to reports, the ex-deutsche workers have launched a complaint with u.s. authorities alleging the bank failed to recognize $12 billion in unrealized losses at the height of the financial crisis. they claim improper accounting on the part of the deutsche bank enabled the lender to exaggerate its capital position. and citigroup plans to shed 11,000 jobs around the world which equals around 4% of its workforce. some experts say this is part of a strategy led by their new coe who took job in october, however others say it has the finger prints of chairman
shareholders have agreed on a deal designed to make the eads more independent and will hand germany and france an equal 12% stake in the company. and timothy geithner has told the cnbc the swhous ready to go over the fiscal cliff if tax rates on the nation's wealthiest don't rise. dag gri announces the rate decision later about plus apple shares still down in frankfurt. and its shares of the chinese market drop in the third quarter. >>> deutsche bank has hit back at allegations of...
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Dec 11, 2012
12/12
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primarily the swiss franc raising deposit rates, which swiss franc deposits can be held. a gain in the euro. the first day of the two-day fed meeting, where it's widely anticipated the fed will embark on further stimulus action. >> it will be hard to say how expansionary that move is. if you're ben bernanke, why would you throw a curveball at this hour. we'll see. that press conference, a little more than 24 hours from now. >> we're continuing e inine ini more on trip adviser. look at the cnbc realtime exchange. we did see the features point to a higher open. here at the big board, coca-col coca-cola -- [ bell ringing ] >> and ringing the bell there. trip adviser, interesting deal, because the pricing at which the shares were bought. >> you've got to remember, of course, you have a change in voting control. it had been controlled by barry diller, it will now be controlled by liberty media. they will own 22% of the economics of trib adviser, but 57% of the total votes of the company, effectively controlling the company. so any thoughts you might have as a shareholder in er
primarily the swiss franc raising deposit rates, which swiss franc deposits can be held. a gain in the euro. the first day of the two-day fed meeting, where it's widely anticipated the fed will embark on further stimulus action. >> it will be hard to say how expansionary that move is. if you're ben bernanke, why would you throw a curveball at this hour. we'll see. that press conference, a little more than 24 hours from now. >> we're continuing e inine ini more on trip adviser. look...
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Dec 17, 2012
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right now, the ftse is down by about 31 points in france the cac is off by 14 points. in asia overnight, we did see marketed markets. hang seng was down .4%. shanghai composite was up by about 4.5%. oil prices have been off by about 22 cents the last time we checked. right now down by six cents to $86.67. the ten-year note at this hour is yielding 1.723%. wow. yields come back up. i was out for about three days last week and yields have come back a little bit. dollar at this point is stronger against the euro. the euro is at 1.3159. we have seen the euro gaining ground. gold prices have been down slightly. down by 1,692. it's interesting to come back after three days and see it. >> it's telling the move would bring that reaction. >> it is. because it was stuck for so long. i haven't seen a 1.7 -- >> it went 8, 7, 6, 5, 4, 7 -- >> i haven't seen 1.7 in weeks and weeks. >> i was saying it's telling about how incredibly dead and -- telling about the ten-year, how boring and how narrow the range has been. like when greenspan said, i need to see that. he hasn't needed to se
right now, the ftse is down by about 31 points in france the cac is off by 14 points. in asia overnight, we did see marketed markets. hang seng was down .4%. shanghai composite was up by about 4.5%. oil prices have been off by about 22 cents the last time we checked. right now down by six cents to $86.67. the ten-year note at this hour is yielding 1.723%. wow. yields come back up. i was out for about three days last week and yields have come back a little bit. dollar at this point is stronger...
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Dec 28, 2012
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he was optimistic on france as well despite the fact the data is indicating we'll still get a contraction in the third quarter, for most of the eurozone. germany's economic position is arguably deteriorating but still schauble there is relatively optimistic that the crisis is over. in the meantime what is also happening is this money is beginning to flow into, from the public safety net to support the banks so you have the recapitalization of the banks but that isn't of course good news for everybody in the case of the ipo from last year you have 53,000 small shareholders there effectively having their positions in the debt smashed against the whole. they've been selling out again today to try and retrieve what they can because it is in the negative equity and arguably they'll get nothing as we go through the motions further down the line. it lost another 25% of what is left of the market capitalization today. a number of the other spanish banks are also in negative territory and some of the spanish big industrials are also down today. under performance on madrid. just got to mention wher
he was optimistic on france as well despite the fact the data is indicating we'll still get a contraction in the third quarter, for most of the eurozone. germany's economic position is arguably deteriorating but still schauble there is relatively optimistic that the crisis is over. in the meantime what is also happening is this money is beginning to flow into, from the public safety net to support the banks so you have the recapitalization of the banks but that isn't of course good news for...
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Dec 4, 2012
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they've had some new economic data out of france, for instance. some finance ministers meeting as well in brussels. >> it's a bit of a holding pattern waiting for the fiscal cliff, for the greek debt buyback to go through on thursday. >>> the european markets are closing now. >> so no great direction in the markets today. it is interesting, i think, both angela merkel attended today her party conference, the cdu, the christian democrats, conservatives, she launched her campaign to run germany for a third time. the election is in the third quarter of next year. she actually warned against premature optimism over the crisis saying the worst is not over and we must be cautious going forward. now to a certain extent she would say that, would she not? otherwise we're not out of the woods. keep me in charge. but that was the message that came out of germany today. elsewhere as we kind of wait for things to happen, it's interesting the bond markets continue to rally. we were talking about this yesterday that greece has priced the debt buyback where it ha
they've had some new economic data out of france, for instance. some finance ministers meeting as well in brussels. >> it's a bit of a holding pattern waiting for the fiscal cliff, for the greek debt buyback to go through on thursday. >>> the european markets are closing now. >> so no great direction in the markets today. it is interesting, i think, both angela merkel attended today her party conference, the cdu, the christian democrats, conservatives, she launched her...
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Dec 26, 2012
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the uk and france among those celebrating foxing day. we start off with, what else, retail. dips in spending in the mid-atlantic and northeast regions. luxury sales also weak. >> we're coming off the worst christmas eve for the dow since 2006. as the president cuts short his hawaiian vacation to deal with the fiscal cliff, just five days to go until we go over. >> threatening both coasts with workers snubbing up best and final contract offer. >> and more on the home front. we'll have more on the data and whether it can keep one of the best performing sectors of 2012, home builders going in 2013. >> data showing what some experts say is the slowest growth in spending since the 2008 recession. according to mastercard, spending polls units through christmas eve, retail sales rose just .7% from the year before. the national retail federation says it is forecasting a 4% jump in sales. we'll continue to get trickles of data as we progress through this last week. it is still an important week, the final week before the new year in terms of retail sales for these guys. >> historical
the uk and france among those celebrating foxing day. we start off with, what else, retail. dips in spending in the mid-atlantic and northeast regions. luxury sales also weak. >> we're coming off the worst christmas eve for the dow since 2006. as the president cuts short his hawaiian vacation to deal with the fiscal cliff, just five days to go until we go over. >> threatening both coasts with workers snubbing up best and final contract offer. >> and more on the home front....
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Dec 4, 2012
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in france, the cac up by about 0.7%. much more modest gains. ftse actually just about break even at this point. germany, the dax up by about 0.3%. in asia, you saw the hang seng was up just barely. korea was up just barely. the shanghai composite was up by close to 0.8%. and nikkei down by about a quarter percentage point. oil prices this morning pulling back a little bit. down another 33 cents to $88.76. yesterday we did see oil cross above $90 for the first time since october 22nd. ended up down at about $89. but crossing early in the morning above $90. the ten year note at this point yielding 1.639%. i feel like we look at the same board board every morning. euro still up above 1.30. the dollar-yen at 81.99. and gold prices this morning slightly lower. down by about $15. $1704.40 an ounce. kevin ferry at the cme, kevin, we are watching the fiscal cliff every single day kind of watching negotiations as they play out. maybe that's not the wisest thing to do with the markets. what are the things that are popping up and have you thinking about s
in france, the cac up by about 0.7%. much more modest gains. ftse actually just about break even at this point. germany, the dax up by about 0.3%. in asia, you saw the hang seng was up just barely. korea was up just barely. the shanghai composite was up by close to 0.8%. and nikkei down by about a quarter percentage point. oil prices this morning pulling back a little bit. down another 33 cents to $88.76. yesterday we did see oil cross above $90 for the first time since october 22nd. ended up...
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Dec 20, 2012
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alcatel, the french government says it's looking to try to have the france telecom company buy assets from alcatel which, of course, burning cash is struggling if the french government is able to arrange this, by the way, it won't make a huge hit. it will amount to $100 million, with an m, or so dollars. maybe $100, $150 million dollars. those shares, nonetheless, they have been beaten down, about 3% higher in trade this morning. quick check on the bond space. today we are seeing a give back after the rally we saw yesterday. yields, though, roughly unchanged from levels we saw just 24 horse ago. 5.3 and about 4.4% respectively there. and we'll get into more on stability. forex, the euro/dollar has been in focus, giving its strength over the last couple of trading sessions. today, largely unchanged. 1.3228 is the level there. dollar/yen is in focus. it's giving back about .6%. the bank of japan came out with more quantitative easing, perhaps talking about a higher inflation target going forward. >>> coming up on today's program, we'll head out to new york and take a look at housing fig
alcatel, the french government says it's looking to try to have the france telecom company buy assets from alcatel which, of course, burning cash is struggling if the french government is able to arrange this, by the way, it won't make a huge hit. it will amount to $100 million, with an m, or so dollars. maybe $100, $150 million dollars. those shares, nonetheless, they have been beaten down, about 3% higher in trade this morning. quick check on the bond space. today we are seeing a give back...
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Dec 17, 2012
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we are in the france, uk and spain and all of our businesses are growing in each market. we're hiring in all of those markets. anybody who wants to know. >> have you changed the mix of samples depending on the economic environment? for instance in 2008 did you have maybe a lower end price point product as well as a higher end or no? >> that's one thing about the beauty industry, trends are always changing. it's an accessible luxury. you've heard of the lipstick effect. when the company goes down people want to treat themselves. one thing we've seen this year is male trends. nail polish, nail art. >> carl loves nail polish. he just loves it. >> what are all those people who give out samples in department stores going to do when you put them out of business? >> they're doing something different. department store sampling and sampling in stores is a loyalty moment. it's not a great thing to do for customer acquisition. you still have to get a customer to walk up to you. we're doing something really different. it's customer acquisition and it's in a very targeted and smart wa
we are in the france, uk and spain and all of our businesses are growing in each market. we're hiring in all of those markets. anybody who wants to know. >> have you changed the mix of samples depending on the economic environment? for instance in 2008 did you have maybe a lower end price point product as well as a higher end or no? >> that's one thing about the beauty industry, trends are always changing. it's an accessible luxury. you've heard of the lipstick effect. when the...
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Dec 13, 2012
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he, though, has been one of the more outspoke nn france about high tax rates overtime and even warning sarkozy about raising taxes. i'm sure if anyone, he's happy to make this an issue. >> did you see his net worth, supposedly? 120 million and i don't know whether that's euros or dollars. he's made a lot of movies. he's very charming in the airplane, if you remember. >> joe, are you skulking at $120 million of in the net worth? am i what? >> can you scoffing, saying that 120 million is extraordinarily low? >> no. she's hearing the audio from the audio room. >> no, that wasn't me. that was a sound track of a french guy that we ran long ago on the show. no, i -- god bless him. for an actor to accrue that much i think is great. and i like him. i like his movies. i think he ought to get going and order salad a few more times, but -- >> didn't he have a problem in an airplane? >> i think that was him, yeah. the aisles were clogged. thanks, kelly. yeah, you're right. i hate the when that happens. it's been more than a month sips the election. next we'll have the post election nnz "wall stree
he, though, has been one of the more outspoke nn france about high tax rates overtime and even warning sarkozy about raising taxes. i'm sure if anyone, he's happy to make this an issue. >> did you see his net worth, supposedly? 120 million and i don't know whether that's euros or dollars. he's made a lot of movies. he's very charming in the airplane, if you remember. >> joe, are you skulking at $120 million of in the net worth? am i what? >> can you scoffing, saying that 120...
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Dec 10, 2012
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we needed to move on to our primary objectives beyond the beach, more deeply into france, in normandy. and i was eventually assigned to one general's army. january 5th, 1944. it was a warm welcome to the americans they saw that day. the french were delighted. they threw flowers and kisses and so on. after the liberation of paris, our mission was to move rapidly eastward, general patton with his tank division was moving rapidly. we followed him in the liberation of belgium, lutzenburg -- luxembourg and into holland in 1944. were we getting close to the time of the battle of the bulge. we then got back our artillery forces and the support groups and we proceeded to attack across into germany. >> there's much more to the story. next, the images he will never be able to forget. >>> 71 years ago following the bombing of pearl harbor, the u.s. entered world war ii. they then moveded into rmany and witnessed firsthand horrors of the haolocaust. you're about to see stark images of the war, sights that waitzman say still live with him to this very day. >> our first contact is what we call the
we needed to move on to our primary objectives beyond the beach, more deeply into france, in normandy. and i was eventually assigned to one general's army. january 5th, 1944. it was a warm welcome to the americans they saw that day. the french were delighted. they threw flowers and kisses and so on. after the liberation of paris, our mission was to move rapidly eastward, general patton with his tank division was moving rapidly. we followed him in the liberation of belgium, lutzenburg --...
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this would be washington's first step to formally recognizing the opposition government, something france and britain have already done. the army is moving to unify it's command structure to make thorough is has a more educative fighting force. this morning, nelson mandela is in the hospital, jacob zuma paid him a visit, and said there is no cause for alarm. >>> susan, as you can imagine, south africans are holding their collective breath, their very worried about their beloved former president. they call him father in one of the native languages, they adore him. he helped bring democracy to this nation. we're getting very little information about what is wrong with him. as you said, the president visited nelson mandela, and he came out saying he is in good care and is comfortable. we're not being told what kind of tests are being run on him. yesterday, when the news broke that he had been hospitalized, we're told that he went in for tests, and that it was in line with treatments that people, his age, 94 go through. but no more details today from the presidency. jacob zuma treats it as a
this would be washington's first step to formally recognizing the opposition government, something france and britain have already done. the army is moving to unify it's command structure to make thorough is has a more educative fighting force. this morning, nelson mandela is in the hospital, jacob zuma paid him a visit, and said there is no cause for alarm. >>> susan, as you can imagine, south africans are holding their collective breath, their very worried about their beloved former...
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if you look at debt, much higher than many countries in the euro zone, including spain, germany, france. yet, the united states of america is able to borrow at the lowest rate in pretty much its whole recorded history. so you have a very, very diverse landscape at the moment, but certainly one that could be significantly improved, or worsened by the situation that we have concerning the fiscal cliff, the fiscal deficit and the debt of the country, which are three topics that can be addressed now on the comprehensive and efficient fashion. >> in the fiscal cliff negotiation. so what should this mean? because i think i could interpret any given number to say, oh, that means we shouldn't touch taxes for the upper brackets because the economy still needs as much money as it can have in it. or i could argue, oh, this means that we need more stimulus to keep the jobs going, or i could look at the debt and say, oh, this means we need to cut spending. so what does it mean? so what would you, and what globally, what would mean the most for the u.s. to do in terms of the global economy? >> you kn
if you look at debt, much higher than many countries in the euro zone, including spain, germany, france. yet, the united states of america is able to borrow at the lowest rate in pretty much its whole recorded history. so you have a very, very diverse landscape at the moment, but certainly one that could be significantly improved, or worsened by the situation that we have concerning the fiscal cliff, the fiscal deficit and the debt of the country, which are three topics that can be addressed...
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Dec 10, 2012
12/12
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>> yes, well, it starts with a 29-year-old woman from france who was trying to go back to france and she was stopped at the u.s./canadian border and jailed and she was kept in jail for 12 days, and an immigration agent made the decision to detain her briefly and privately and died 12 days later. >> terrible story. maria, thank you so much for joining us. we really appreciate it. >>> 45 minutes past the hour. top stories. movement in the fight over the fiscal cliff. maybe, just maybe. house speaker john bainer and the president sitting down for an unscheduled meeting at the white house yesterday. we have no details, but both sides say the lines of communication remain open. with 22 days left until severe tax hike and spending cuts will kick in. >> nelson mandela is comfortable abo after spending a second night in the hospital. there is no cause for alarm. mandela rushed from his home to the hospital on saturday. details of his condition are being kept under wraps. >>> sunday night football. green bay quarterback aaron rodgers running for a 27-yard touchdown this is the longest touchdo
>> yes, well, it starts with a 29-year-old woman from france who was trying to go back to france and she was stopped at the u.s./canadian border and jailed and she was kept in jail for 12 days, and an immigration agent made the decision to detain her briefly and privately and died 12 days later. >> terrible story. maria, thank you so much for joining us. we really appreciate it. >>> 45 minutes past the hour. top stories. movement in the fight over the fiscal cliff. maybe,...
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Dec 17, 2012
12/12
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france at 7 and japan a measly 4. look at the top tax rates in these countries. americans pay 41.7% when you factor in federal, state and local taxes. dans are happy but pay more, 48%. why? in part because their taxes get them free health care and post secondary education. so, perhaps a more constructive conversation should center on how much we expect to benefit from government services, and how much we're willing to pay for those services. now, the negotiation between speaker boehner and president obama have given us a new term over which to obsess, chain cpi. it would change the way the federal government calculates inflation and those benefits that are tied to it. normally every year both wages and prices go up. the consumer price index or cpi measures how much prices go up by tracking a basket of goods that americans typically buy. this is used to calculate cost of living adjustments on social security. checks pay a little more each year as prices for what we need go up. one potential flaw in the system is that cpi assumes people don't change the things in t
france at 7 and japan a measly 4. look at the top tax rates in these countries. americans pay 41.7% when you factor in federal, state and local taxes. dans are happy but pay more, 48%. why? in part because their taxes get them free health care and post secondary education. so, perhaps a more constructive conversation should center on how much we expect to benefit from government services, and how much we're willing to pay for those services. now, the negotiation between speaker boehner and...
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Dec 4, 2012
12/12
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>> could play nice to the president of france. the people like ron will go to work on her staff that have to worry about this. >> would she consider that a promotion or demotion? >> she runs vogue, so that would be a demotion. >> exactly right. i think it would be a step down. >> those are both very important posts. they actually matter. the people who occupy those posts don't just do social stuff. they do a lot of real, hard work. it would be interesting to see if she's appointed. >>> students at this one elementary school in atlanta now attending class in a different building this morning. there was a carbon monoxide leak at their elementary school. they had to evacuate yesterday. the gas leak started in the boiler and heating system of the elementary school. 34 kids, several adults had to be treated at a nearby hospital. measuring carbon monoxide level of 1700 parts per million near the school's furnace. fire department says that's one of the highest levels they've ever seen. of course, the normal would be 50 parts per million.
>> could play nice to the president of france. the people like ron will go to work on her staff that have to worry about this. >> would she consider that a promotion or demotion? >> she runs vogue, so that would be a demotion. >> exactly right. i think it would be a step down. >> those are both very important posts. they actually matter. the people who occupy those posts don't just do social stuff. they do a lot of real, hard work. it would be interesting to see if...
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Dec 1, 2012
12/12
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france. compare that to the average american worker to works about 230 days a year. writer for the national review and maria, a cnn contributor. i'm sure we can all agree we would love that schedule. especially if your compensation remained what it was. now, eric cantor, being serious here, says the new calendar allows lawmakers a week a month to spend back at home. when ip did the math, 126 days in washington is 25 workweeks. that's only 50% of the year. >> erin, members of congress are still doing their jobs when they are in their constituencies, when they are reaching out to their constituents. they are still working on legislation and much else. if you are concerned about congress wasting time, we ought to be more concerned about the fact that individual candidates are raising money rather than parties. that's the thing that really distracts them from the hard work of legislating. being out there in their districts, that's actually really, really important as a part of their job. >> i think we can all agree with that. do they need this much time? how such going t
france. compare that to the average american worker to works about 230 days a year. writer for the national review and maria, a cnn contributor. i'm sure we can all agree we would love that schedule. especially if your compensation remained what it was. now, eric cantor, being serious here, says the new calendar allows lawmakers a week a month to spend back at home. when ip did the math, 126 days in washington is 25 workweeks. that's only 50% of the year. >> erin, members of congress are...
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Dec 23, 2012
12/12
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gun homicide rate is 30 times that of france or australia. it is 12 times higher than the average for other developed countries. why is that? if psychology is the main course, we should see that we have 12 times as many psychologically disturbed people as the average. we don't. in fact, america takes mental disorders seriously, treats them and doesn't stigmatize them. we do better in this area than most of our peers. is america's popular culture much worse than other rich countries? not really since it's largely the same popular culture worldwide. england and wales are exposed to cultural influences as the u.s. yet, their rate of gun homicide is some 3% of ours. the japanese are at the cutting edge of the world of video games, yet the u.n. puts their gun homicide rate at close to zero. why? well, they have one of the most restrictive series of gun laws in the world. when looking internationally, it is obvious that the one feature of america that would explain why we have so much more gun violence than the rest of the rest of the world is that
gun homicide rate is 30 times that of france or australia. it is 12 times higher than the average for other developed countries. why is that? if psychology is the main course, we should see that we have 12 times as many psychologically disturbed people as the average. we don't. in fact, america takes mental disorders seriously, treats them and doesn't stigmatize them. we do better in this area than most of our peers. is america's popular culture much worse than other rich countries? not really...